75% of the transport & logistics sector reports post-crisis recovery

In 2010, the world economy affected by the economic-financial recession has recovered. In this context, the economic growth has generated new development opportunities for the transport & logistics sector, as well as for the industrial sector. Hence, the technological innovations have brought new elements, leading to the improvement of services that influence global market competitiveness. The investments allocated for the implementation of new generation technological systems contribute to the development of the entire transport & logistics sector. This development has also been supported by the companies that activate in this field.
IT investments are once again on the agenda of transport & logistics service suppliers, 54% of which stating that they have long-term IT investments for transport management systems. This increase is due to the fact that the economic environment has recorded positive results. This can also be seen in the transport & logistics sector. Hence, 75% of the companies have recovered or are currently going through a post-crisis recovery process and only 12.6% are still affected by the economic recession, concludes a study developed by Transport Intelligence (TI) and Kewill. The study, which focuses on the way in which companies use IT solutions in the transport & logistics sector, is based on surveys carried out by 478 companies, 407 (85%) of which are transport & logistics service suppliers.
According to this study, the determining factor for investing in technology is the customer satisfaction rate, by reducing costs and showing operational efficiency. However, 1 in 3 respondents (32.4%) believe that the software technology currently being used by their companies is a barrier to acceding new business opportunities. They suggest that software providers should meet the needs of their customers. 47% of the surveyed companies do not expect the new IT logistics systems to be implemented in the next 6 months, and 73% believe that “the implementation time was a barrier to implementing new software”. Hence, in order to invest in new technological systems, companies need to obtain a high return on investments.
“The study clearly shows that transport & logistics suppliers need global trade management systems. After the recession, these companies need a partner who can guarantee a fast and reliable implementation and integration in order to ensure a rapid return on investments. The level of competitiveness provided by companies depends on it in order to provide support for economic growth”, explained Jacquie Boast, Head of Operations at Kewill.

[ by Pamela Luică ]
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